What is the best (preferably ethical) way to develop some residual income, starting with ~$25,000?
July 8, 2008 – 11:03 pmThe_Yak asked:
Or perhaps you have a better investment idea for that amount? Nothing too incredibly risky please, and I know hard work is probably unavoidably necessary.
And please no “Invest it in me” comments. I know that’s probably how I would answer this question…
Baird
Or perhaps you have a better investment idea for that amount? Nothing too incredibly risky please, and I know hard work is probably unavoidably necessary.
And please no “Invest it in me” comments. I know that’s probably how I would answer this question…
Baird
9 Responses to “What is the best (preferably ethical) way to develop some residual income, starting with ~$25,000?”
Find someone with talent and a vision, and invest in them.
By abehagenston on Jul 9, 2008
Buy land. Be smart about it.
By Simmy on Jul 13, 2008
You have 25K to invest? Seriously, I have a friend doing a start up (not me) looking for investors. She can send you all the details if you would be interested. Contact me if I am understanding you correctly.
By waldanen2002 on Jul 13, 2008
invest in real estate or hard money lender to businesses.
By REAPER on Jul 14, 2008
buy property or put it into CD’s where you will gain money on interest and don’t have to worry about it loosing money.
By epic1231 on Jul 17, 2008
, GO TO AN INVESTMENT COUNCILOR, THEY CAN LEAD YOU TO THE RIGHT DECISION, ALSO YOUR BANK MIGHT HAVE SOME SUGGESTIONS FOR YOU
By chicklet on Jul 20, 2008
If you are looking for money coming in each month, I would suggest investing in some real estate. Either commercial or rental property. Something where you can get a monthly cashflow. But if you are willing to put in the time, I would try trading stocks, futures, bonds, or forex. Which ever you like. It will take a while to learn the ropes, but trading can be a fun way to investing your money and realize gains.
Whatever you decide, you should first invest a lil money and time into learning the paticular avenue that you decide to pursue. I would suggest hiting the library and getting a few books on the subject and if you are trading open up a practice acct and test the waters a little bit.
good luck
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By hi t on Jul 23, 2008
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By Andy on Jul 25, 2008